Forma Shuts Down Forma Chain, Migrates NFTs to Ethereum L1

ETH0.87%
L1-10.77%
According to Forma's announcement on X, the team has decided to shut down Forma Chain, citing unsustainable operations. As a transition, Modularium and Forma NFTs will migrate to Ethereum L1 to ensure the permanence of artworks and markets. After migration, NFTs will remain accessible and tradeable on OpenSea and other Ethereum marketplaces, with Modularium continuing as the display platform. The team emphasized that user funds and NFTs are secure and will announce specific timelines and migration steps.
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